FTAI Infrastructure (FIP) to Release Earnings on Wednesday

FTAI Infrastructure (NASDAQ:FIP) is scheduled to announce its earnings results after the market closes on Wednesday, October 30th. Persons that wish to register for the company’s earnings conference call can do so using this link.

FTAI Infrastructure (NASDAQ:FIP) last posted its earnings results on Friday, August 2nd. The company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.17). FTAI Infrastructure had a negative return on equity of 44.09% and a negative net margin of 49.85%. The business had revenue of $84.89 million during the quarter.

FTAI Infrastructure Trading Up 1.7 %

FTAI Infrastructure stock opened at $9.00 on Wednesday. FTAI Infrastructure has a one year low of $3.01 and a one year high of $10.45. The business’s fifty day moving average is $9.16 and its 200 day moving average is $8.64. The stock has a market capitalization of $915.25 million, a PE ratio of -4.64 and a beta of 1.28. The company has a debt-to-equity ratio of 5.42, a current ratio of 2.10 and a quick ratio of 2.10.

FTAI Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 12th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.33%. FTAI Infrastructure’s dividend payout ratio (DPR) is -6.19%.

Analyst Ratings Changes

Separately, JMP Securities reissued a “market outperform” rating and issued a $12.00 target price on shares of FTAI Infrastructure in a report on Monday, August 5th.

Insider Activity at FTAI Infrastructure

In other news, major shareholder Fig Buyer Gp, Llc sold 3,399,501 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $9.04, for a total value of $30,731,489.04. Following the transaction, the insider now directly owns 8,418,561 shares in the company, valued at $76,103,791.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.17% of the stock is owned by corporate insiders.

About FTAI Infrastructure

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.